Investment date: September 2018

Company Description

South Pacific Laundry (“SPL”) is a leading Australia-wide laundry operator, serving customers in the accommodation and healthcare sectors from a national network of processing plants and distribution centres.

SPL’s key service offering includes the procurement, supply and laundering of linen for over 3,000 customers. Its operations include 9 processing plants and 12 distribution centres serving all major metropolitan markets and regional population centres in Australia.

SPL is headquartered in Melbourne, Australia.

Investment Overview

SPL is a market leader in linen laundry services to the Australian accommodation sector.

SPL has experienced rapid growth through undertaking approximately +20 bolt-on acquisitions to complete its national footprint, presenting Anchorage with an opportunity to continue to drive consistency of best-practice processes across the SPL network.

SPL is led by Chief Executive Officer, Ray Hayes. Ray was previously General Manager of SPL and has worked in the commercial laundry industry for over 35 years.

Anchorage is represented on the Board of South Pacific Laundry by Callen O’Brien, Daniel Wong and Beau Dixon.